FINANCE AND COMMERCE

Taranaki Daily News, 18 December 1933, Page 16

FINANCE AND COMMERCE

FROZEN MEAT STEADY

RISE IN MUTTON CONTINUES. LAMB SECTION UNCHANGED. By Telegraph—Press Assn.—Copyright. Rec. 6.30 p.m. London, Dec. 16. Following are the latest quotations at pence per lb. for frozen and chilled meat, with those for the previous week in comparison:—

The weekly, quotations are based on actual sales of wholesale quantities of carcases of mutton or lamb, or of quarters of beef delivered to Smithfield market and/or London stores. They are compiled by the quotations committee, Smithfield. For the equivalent ex ship values one farthing per pound should be deducted from the prices quoted above. Quotations given represent the average for the week and are not for selected lines, but for parcels fairly representative of the bulk of shipments now on offer. SHAREMARKET TRANSACTIONS. Auckland: Bank of N.S.W., £32; Bank of N.Z., 47s 3d; National Insurance, 18s 9d; Standard Insurance, 60s 9d; Farmers’ Co-op: Auctioneering (A, pref.), 20s 6d; ditto (B, pref.), 19s 3d; Auckland Gas (15s paid), 18s (2); Dunlop Rubber, 19s lid; Farmers’ Fertiliser, 18s 6d; Robinson Ice, 17s 6d; Woolworth’s (Sydney) (2nd pref.), 24s 8d; Waihi, 27s 9d. Unofficial list: Claude Neon Lights, 465. GEAR MEAT COMPANY MEETING. NEW RESERVE ACCOUNT CREATED. By Telegraph—Press Association. Wellington, Dec. 16. The annual meeting of the Gear Meat Company was held yesterday. Mr. Strang, chairman of directors, referred to the institution of the chain system last season and mentioned that during the slack season improvements for this method of working had been effected, so that there would be no difficulty in coping with the rush period when it set in. He said a new reserve account was obtained by taking into the assets £35,000, the amount under the Government valuation of the Lambton Quay (Wellington) and Tory Street (Petone) properties, leaving the remaining freehold properties and working plant in the accounts at £57,000, which was £693 2s 9d less than last year. Properties and plant had been carefully maintained, and several alterations to methods had been introduced which helped to reduce the charges. The retiring directors, Messrs. Strang and D. W. Anderson, were re-elected, and the auditors re-appointed. At a special meeting which followed motions relating to the registering of transfer of shares, the qualification of directors, and the duties of the general manager were adopted. WANGANUI WOOL SALE. Tire first Wanganui wool sale of the season is set down for 8 a.m. on January 19. A limit of 30,000 bales for the sale has been determined by the New Zealand Wool Committee, and as this allocation is filled all catalogues are now closed. The second sale will be held on February 23.

FROZEN MUTTON. Hew Zealand— Wether and maiden ewe Canterbury and North Island selected Dec. 9 Dec. 16 48/561b. 41 5 57/641b 41 44 65/721b 4 4J North Island. — 48/561b 41 5 57/641b 41 41 65/721b 4 44 Ewes: Under 481b 41 41 48/641b 31 31 65/721b 31 31 Australian— Wethers: First, 40/651b. .......... 44 44 • Second, 30/551b 41 41 Ewes: 30/551b 31 4 Argentine— Wethers: First, 48/641b 41 ' 44 First, 65/721b 4 4 Patagonian— Wethers and maiden ewes: Under 501b — 50/601b — —' Ewes: 40/501b — — FROZEN LAMB. New ZealandCanterbury: 361b. and under ........ 6i 61 37/421b 6f 6f 43/501b. — — Second, average 321b. ... 6 6 Other South Island: 361b. and under 7 7 37/421b. 6f 61. 43/501b — North Island selected: 361b. and under — — 37/421b — . —— 43/501b — — Second, about 321b ...... North Island, other: First, 361b. and under .. — 74 First, 37/421b —• 74 Second, about 321b — 7 AustralianVictorian: First, 361b. and under .. 61 61 61 First, 37/421b 61 Second, 361b. and under 51 51 Other States: First, 361b. and Under .. 61 64 First, 37/421b 61 6J Second, 361b. and under 51 51 All States: Third, about 261b 51 51 ArgentineFirst, 361b. and under .. 64 64 First, 37/421b 61 6i Second, about 281b. 6 55 PatagonianFirst, 361b. and under .. — — First, 37/421b — — Second, average 301b. .. •— FROZEN OX BEEF. New ZealandFores, 160/2201b 21 21 Hinds, 160/2201b 21 24 Australian— Crops, 1001b. and under . 24 24 Crops, over 1001b 2i 21 Hinds, 1601b and under . 31 31 Hinds, over 1601b 31 34 CHILLED OX BEEF. ArgentineFores, 160/2201b 3j 31 Hinds, 160/2201b. 5i 6 FROZEN PORK. New ZealandFirst, 60/801b. First, 81/1001b 7 7 6 6j First, 101/1201b 51 51 AustralianFirst, 60/1001b 6i 6t First, 101-1201b. 51, 51 (A dash indicates none offering.)